Kroger has had a rough year so far.
Between the threats of a historic strike…
Tariffs, soaring food prices, supply chain disruptions…
Not to mention the souring economic situation, especially in Texas…
It seems like they’re getting hit from every side.
And Kroger’s answer, as for so many other companies, is – trim down the company’s real estate footprint.
50+ stores closing
We’ve previously reported on some of the immediate closures, but more broadly Kroger has announced plans to close around 60 stores (we’re saying 50+ to be conservative) over the next ~18 months.
One of the hardest-hit markets will be Texas, where Kroger is exiting entirely, but this looks like a pretty substantial reduction all across the board.
That said – Kroger also plans to open some store, so the precise net impact remains to be seen, although the direction (fewer stores) is pretty clear.
Is your local Kroger on the chopping block? If so, where will you shop now? Let us know in the comments!
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